Mumbai, May 22 (KNN) The National Institute of Securities Markets (NISM) and the Indian Institute of Corporate Affairs (IICA) have signed a Memorandum of Understanding (MoU) to promote collaboration in corporate governance, environmental, social and governance (ESG) practices, and capital markets development in India. The agreement aims to strengthenContinue Reading
New Delhi, May 21 (KNN) Stakeholders from the fintech, legal and digital payments sectors have raised concerns that proposed changes to the Reserve Bank of India’s draft framework on Prepaid Payment Instruments (PPIs) could adversely affect more than 110 million Indians who use prepaid wallets for daily transactions. The concernsContinue Reading
New Delhi, May 21 (KNN) Successful conclusion of the India-European Union Free Trade Agreement (FTA) marks a major milestone in economic diplomacy but the real challenge now lies in implementation, said Darpan Jain, Additional Secretary, Department of Commerce and Industry. “We have climbed the mountain of negotiations. The bigger climbContinue Reading
New Delhi, May 21 (KNN) Markets regulator the Securities and Exchange Board of India (SEBI) has proposed allowing third-party payments in mutual funds under select, well-defined circumstances, marking a significant shift from the current framework that mandates all investments to originate exclusively from an investor’s own bank account. The regulatorContinue Reading
New Delhi, May 21 (KNN) Government think tank Niti Aayog in a working paper has proposed a comprehensive framework aimed at strengthening India’s position as a global workforce hub through structured, safe and demand-driven migration systems. The working paper titled ‘States Framework on International Mobility’, identifies ‘circular mobility’ as theContinue Reading
New Delhi, May 20 (KNN) Export-Import Bank of India (India Exim Bank) has extended a USD 100 million credit facility to Africa Finance Corporation (AFC) to support India’s project exports across Africa under the Government of India’s ‘Focus Africa’ initiative. The announcement comes as India continues to strengthen its economicContinue Reading
New Delhi, May 20 (KNN) Reserve Bank of India (RBI) on Tuesday released draft norms on commercial banks’ capital adequacy disclosures under the Basel Pillar 3 framework, aimed at improving transparency, reducing information asymmetry, and enhancing comparability of banks’ risk profiles. The central bank said the revised framework seeks toContinue Reading
